Cramer's Take on Top-Searched Stocks
Updated from 7 a.m. EDT
It's time to crack open the old econ books. The Commerce Department reported yesterday that gross domestic product shrank at a 0.3% annual rate in the July-September period. This marks the worst showing since the economy contracted at a 1.4% pace in the third quarter of 2001, at a time when the nation was suffering through its last recession.
So are we in a recession yet? Most economists agree that there must be two consecutive quarters of a shrinking GDP to officially signal a recession.
What does this mean for the market? Stocks responded positively today, with
Oracle
(ORCL) - Get Report
,
Vale
(RIO) - Get Report
,
Intel
(INTC) - Get Report
and
Apple
(AAPL) - Get Report
leading the way.
So what does Jim Cramer think of all this?We thought we'd take a look at some of the stocks people have been searching for lately on
TheStreet.com
, including
Exxon
(XOM) - Get Report
and
Citigroup
(C) - Get Report
, and see what Cramer's had to say about them.
To find out,
.
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Freeport-McMoRan for his Action Alerts PLUS charitable trust.)
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